16th April 2009

Lincoln i2Live - Administration fee removed

Lincoln Financial Group has today announced it is removing the administration fee on its flexible retirement product Lincoln i2Live. This improvement has been made following IFA feedback, as well as a review of expenses allowing Lincoln to pass the benefit onto customers. The previous administration fee was £100 per annum but, as of today, this cost will be removed for those taking out a new Lincoln i2Live policy and will apply at the next yearly review for existing customers.

Simon O’Connor, Head of Products and Marketing at Lincoln, said, “At Lincoln,we are constantly looking for ways to further improve our innovative Lincoln i2Live proposition and make it more attractive for potential clients. Having reduced the admin fee by half last year we are now pleased to be able to remove the admin fee altogether.

In effect, this change gives advisers yet another reason to consider Lincoln i2Live as one of the most attractive retirement solutions for their clients.”

Lincoln i2Live offers customers a unique range of flexible options to take them through each stage of retirement planning. Lincoln i2Live offers three products under one umbrella, including a personal pension plan, an income drawdown and an investment-linked flexible annuity. It allows clients to accumulate a retirement income pot with a range of flexible options on taking an income in retirement.

O’Connor continues: “Increasing longevity means that it is more important than ever for people to seek financial advice to work out a retirement plan that will suit their individual circumstances and provide them with an income for life.With Lincoln i2Live, retirees can protect their retirement income and maintain a level of security with the unique Income Guarantee Option.”

This press release is intended for investment professionals and journalists and should not be relied upon by private investors or any other investors. Lincoln i2Live is a product range issued by Lincoln Assurance Limited. Full consumer product information can be found at www.lincolnuk.co.uk.